5 Blue Chip Stocks to Buy That Are Down Over 30% YTD

4. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 112

Year to Date Performance as of 12/26: -43.18%

Given the company is a blue chip with quality assets, The Walt Disney Company (NYSE:DIS) shares aren’t normally as volatile as they have been for 2022.

Given some of The Walt Disney Company (NYSE:DIS)’s outperformance in past years has been due to Disney+’s expected future growth, the decline this year has at least partly been as a result of decreasing valuations in tech companies. Higher than expected costs and macroeconomic headwinds have not helped The Walt Disney Company (NYSE:DIS) this year either.

Nevertheless, The Walt Disney Company (NYSE:DIS) has quality assets that could allow it to bounce back in the long term.